At the end of March, 2013, the Albanian insurance market totaled ALL 2,085 million (EUR 14.9 million), or 11.96% more compared with the same of period last year, according to the figures published by the Albanian Financial Supervisory Authority (AFSA). At the same time, during January-March 2013, the number of signed insurance contracts was 232,784 or 6.36% more compared with 1Q2012, while the total of paid claims during the analyzed period was ALL 593 million (EUR 4.2 million) or 17.68% less y-o-y.
The market continued to be dominated by non-life insurance, whose share was 87.61% of the total premium volume. The life insurance market share was 11.90% and that for reinsurance was 0.49%. The market shares of voluntary and compulsory insurance gross written premiums were 50.62% and respectively 49.38%.
In 1Q2013, 11 players operated on the Albanian insurance market, two of these specialized in the life segment (SICRED and SIGAL Life UNIQA Group Austria), eight were non-life insurers, and one (INSIG) on both market segments.
On the general insurance segment, the leader remains SIGAL UNIQA Group Austria, with underwritings amounting to over ALL 581 million (31.85% market share), while on the life insurance segment the first position is held by SIGAL Life UNIQA Group Austria - ALL 120 million (48.36% market share).
Access www.xprimm.com and download the 1Q2013 Albanian insurance market statistics.
Market indicators (in EUR and ALL):
- GWP
- Claims
- Growth rates
- Portfolio
- GWP
- Claims
- Growth rates
- Market shares
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